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Sep 5, 2012
09/12
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as the environment plays out at the moment people aren't prepared to pay the premium to ship overnight in the way that they were unless they've already said there is mild restructuring with retiring some of the plans already to retire workers already bought out. actually they have to accelerate that restructuring and reform the business. the business may not be fit for purpose in the new normal in which we now live. >> i would actually argue that they're doing something they should have done five, six, seven years ago. overnight express has not grown since 2000. it didn't grow the whole decade of the 2000s. and what is significant about the fedex announcements, this is not a standard restructuring because oh, gee business isn't good this year. this is recognizing something that has changed over the last decade which is people just aren't shipping over night anymore. there is reliable, two day, three day options. we're seeing a lot of companies like dell make greater use of ocean freight to come out of southeast asia versus air freight. fedex was actually slow to recognize this and what
as the environment plays out at the moment people aren't prepared to pay the premium to ship overnight in the way that they were unless they've already said there is mild restructuring with retiring some of the plans already to retire workers already bought out. actually they have to accelerate that restructuring and reform the business. the business may not be fit for purpose in the new normal in which we now live. >> i would actually argue that they're doing something they should have...
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Dec 4, 2012
12/12
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they are building and acquiring land in this low interest rate environment which bodes well for this upswing in momentum. the question as you mentioned at what point do comparisons get so tough. first quarter 2012 was first quarter where they started to see the upswing. 45% increase in signed contracts. we're lapping that now. can we beat increases as we move on? >> it could be tough. to the extent that we're building, any momentum at the bottom here, we're still building off a small base as you know. so you could have significant growth for some time. >> everything that goes into a house. a lot of spending goes into a house. >> definitely. cramer has stocks on his list that are worthy of your attention. what does he think about them? his mad dash is coming up next. later, shares of gamestop surging from summer lows hoping to score big this holiday season. we'll talk with the ceo. let's take another look at futures as we head into this tuesday morning session. we're looking about flat. more "squawk on the street" straight ahead. this is america. we don't let frequent heartburn come b
they are building and acquiring land in this low interest rate environment which bodes well for this upswing in momentum. the question as you mentioned at what point do comparisons get so tough. first quarter 2012 was first quarter where they started to see the upswing. 45% increase in signed contracts. we're lapping that now. can we beat increases as we move on? >> it could be tough. to the extent that we're building, any momentum at the bottom here, we're still building off a small base...
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Apr 25, 2012
04/12
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the decline in the unemployment rate that has taken place has occurred in an environment where it's not a positive decline in the unemployment rate but because the labor force isn't growing and kind of a misleading indicator and that's part of the problem for them. that's why i think the conversation he's going to have to address in the press conference is really going to have to address that issue and make it clear nothing more than a technical adjustment and not signaling any potential change in policy. >> michelle, are you of the mind that some have said on this show that come june political by because of the timing of the election their hands are tied and we will be on the dark side of the moon at least for a few months. >> we don't think so. we think that bernanke is going to operate outside of the political spectrum so he will do what he thinks is most appropriate to support the economy. our baseline view is that the f fed, they'll stop operations towards the end of june as planned and see how the economy fares, we think that growth will slow. we're worried about the fiscal story
the decline in the unemployment rate that has taken place has occurred in an environment where it's not a positive decline in the unemployment rate but because the labor force isn't growing and kind of a misleading indicator and that's part of the problem for them. that's why i think the conversation he's going to have to address in the press conference is really going to have to address that issue and make it clear nothing more than a technical adjustment and not signaling any potential change...
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Apr 20, 2012
04/12
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we have five riggs running in the deep water environment. the same number of riggs that we were operating prior to the events of 2010 and we continue to be an active player in the gulf of mexico in the development of the critical energy resources this country needs. >> ironically production in the gulf is down. but production overall in the u.s. is up. like places in north dakota. as we have seen by this whole experience it comes with a risk. >> lot of time to heal. good stuff, brian, thank you so much. >>> don't forget to send us your tweets this morning. microsoft is the third best performing stock on the s&p. still playing some catch-up to apple on some levels. which leads to our twitter question -- microsoft is to apple as blank is to blank. need any help? uh, nope. just, uh, checking out my ad. nice. but, you know, with every door direct mail from the postal service, you'll find the customers that matter most: the ones in your neighborhood. print it yourself, or we'll help you find a local partner. and postage is under 15 cents. i wish
we have five riggs running in the deep water environment. the same number of riggs that we were operating prior to the events of 2010 and we continue to be an active player in the gulf of mexico in the development of the critical energy resources this country needs. >> ironically production in the gulf is down. but production overall in the u.s. is up. like places in north dakota. as we have seen by this whole experience it comes with a risk. >> lot of time to heal. good stuff,...
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Jul 17, 2012
07/12
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>> well, we appear to be in a muddling through type of environment which is costly to everybody. europe even more so than us, they're already in a recession or at least many countries in europe are already in a recession. i think based on all i can observe it could take a very long time because the structural institutional changes that europe is trying to make are not ones that take place quickly. for example, they have recently agreed in principle to create a single bank regulator forev for eurozone banks and to do that, i don't have inside information but it could go into next year before we have a single bank regulator. likewise they're trying to establish a set of fiscal rules and fiscal agreements and they made some progress there but given there are 17 governments that have to agree to every major change, it could be some time before they have come to a fully satisfactory fiscal arrangement. it appears to be something that could go on for quite a while unfortunately. >> let me ask a more specific, more narrow question. the koffman foundation is a foundation in kansas city t
>> well, we appear to be in a muddling through type of environment which is costly to everybody. europe even more so than us, they're already in a recession or at least many countries in europe are already in a recession. i think based on all i can observe it could take a very long time because the structural institutional changes that europe is trying to make are not ones that take place quickly. for example, they have recently agreed in principle to create a single bank regulator forev...
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May 9, 2012
05/12
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the dollar is doing well in this type of an environment. and, again, that's one of the positives we see, is that with the problems overseas and the central banks cutting rates, that actually is a bit of a help for our economy, h is doing better. >> if you buy the decoupling argument, that is true. gary, thanks so much. >> sure. >> gary thayer joining us, down for the sixth consecutive session. >> wow. a few more final thoughts on the a few more final thoughts on the markets right after this. >>> welcome back to "squawk on the street." market flash on bank of america. stock not moving much. down half a percent. the news though, shareholder meeting. protests outside in charlotte, north carolina. margaret, one of our producers, is there sending us information, basically looks like moynihan is taking heat from shareholders. according to margaret popper, guy stood up and said, should i just be 90 days delinquent and wait for modification. why should i pay my mortgage on time when people aren't are getting hurt. moynihan got upset with that. guys
the dollar is doing well in this type of an environment. and, again, that's one of the positives we see, is that with the problems overseas and the central banks cutting rates, that actually is a bit of a help for our economy, h is doing better. >> if you buy the decoupling argument, that is true. gary, thanks so much. >> sure. >> gary thayer joining us, down for the sixth consecutive session. >> wow. a few more final thoughts on the a few more final thoughts on the...
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Jun 13, 2012
06/12
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in this sort of environment, maybe mcdonald's is a great company. it may not be a great stock. >> mcdonald's, like starbucks, have come down tremendously off of europe. i think mcdonald's and starbucks are two of the better run companies and they'll deal with it. you're absolutely right. is this as good as owning jack in the box? or verizon? i'm wondering whether this is a headwind or tailwind, this new verizon package for wireless. yes. the answer is i'm going to say to you verizon is better to own. >> goldman sachs, by the way, saying they still like cmg, chipotle mexican grill. >> they also upgraded hershey. hershey has got a big analyst meeting at the middle of june. june 25th. i have to tell you, hershey, which is only a point from its high, a point from its high forever, it's been one of the single greatest no-brainer names ever since they got new management that said we are going to make chocolate in mexico, not just the united states. >> year to date, what a run. take a look at the chart. >> fabulous stock. cocoa prices down. everything goin
in this sort of environment, maybe mcdonald's is a great company. it may not be a great stock. >> mcdonald's, like starbucks, have come down tremendously off of europe. i think mcdonald's and starbucks are two of the better run companies and they'll deal with it. you're absolutely right. is this as good as owning jack in the box? or verizon? i'm wondering whether this is a headwind or tailwind, this new verizon package for wireless. yes. the answer is i'm going to say to you verizon is...
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Oct 5, 2012
10/12
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>> think the baseline for us is essentially more of the same, but in an environment in which earnings are still pretty good and interest rates are still very, very low. i think the baseline forecast does support higher equity prices from here. i do think it's quite bimobile. i think that the alternative scenario to the baseline is one that's significantly worse because we do get a much bigger hit from the fiscal side, but on the baseline, it's supportive. >> i'm really quite confused here and the economy created 114,000 jobs and there's so much noise about the various aspects of the survey. and i'm not sure. 114,000 jobs create side bad, isn't it? that's very, very disappointing. >> it's lackluster, i would say. >> don't we have to -- typically say we have to generate 200,000 to deal what's happening with the population. isn't that usually where we are? why are we not there today? >> to keep the unemployment rate stable you need about $100 and the participation doesn't change. anything over 100,000 will push it over time. under 14 it would be extremely slowly so that is bad and, you k
>> think the baseline for us is essentially more of the same, but in an environment in which earnings are still pretty good and interest rates are still very, very low. i think the baseline forecast does support higher equity prices from here. i do think it's quite bimobile. i think that the alternative scenario to the baseline is one that's significantly worse because we do get a much bigger hit from the fiscal side, but on the baseline, it's supportive. >> i'm really quite...
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Oct 26, 2012
10/12
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how does it survive in this new environment? >> well, imagine you get off work today at cnbc and want to drive to the garden stated mall. apple's getting in your car, they want to be eyes free siri. you say you wanting to to see the mall, it will note through apple maps, know where you want to go, plot your course. you will say, hey, i'd like to listen to music, pick your type of station. siri will auto tune to that music and will know you're going to the mall, it will know what's in the mall because it knows exactly where you are because they own the device. they'll say, hey, would you like a coupon for starbucks? that will be the ad in the middle of the show. automatically it will go in your pass book. when walk up to the starbucks, the coupon will pop up on your phone. that's what apple's after. the control of the local experience. pandora doesn't control the phone. they don't know that information. this is going to be a serious competit competitor. and i think what might be most compelling for you to switch services is, one,
how does it survive in this new environment? >> well, imagine you get off work today at cnbc and want to drive to the garden stated mall. apple's getting in your car, they want to be eyes free siri. you say you wanting to to see the mall, it will note through apple maps, know where you want to go, plot your course. you will say, hey, i'd like to listen to music, pick your type of station. siri will auto tune to that music and will know you're going to the mall, it will know what's in the...
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Oct 19, 2012
10/12
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talked about a challenging environment. so the bottom line here, flat so far for q 3 earnings, but nothing really moved on these numbers today. and we'll talk to three guys down here on the floor 25 years ago and they will reminisce with me at 10:30 eastern time. >> thank you, both. >> you want to bring art back in? >> yeah, bob was talking about what happened that day, it took three days for some people to find out how bad the damage was. >> in those days it was five days for the ultimate clerns. and when the day ended, after you put your records together, you would worry because it was all verbal trading. i look in your eye and you said i sold 50 million, and you said take it. so you had to worry that the person on the other side of the trade didn't go broke and could still live up to whatever that trade was. so a very, very difficult time. >> you went through 1987, and 2008 and 2009, what was scarier? >> probably 2008 because it was for a more extended period of time. it just kept coming back again and again. it did look
talked about a challenging environment. so the bottom line here, flat so far for q 3 earnings, but nothing really moved on these numbers today. and we'll talk to three guys down here on the floor 25 years ago and they will reminisce with me at 10:30 eastern time. >> thank you, both. >> you want to bring art back in? >> yeah, bob was talking about what happened that day, it took three days for some people to find out how bad the damage was. >> in those days it was five...
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May 29, 2012
05/12
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otherwise we just haven't seen an environment like this. i think the discount there is more about fear than it is about fundamentals. we have earnings growing. we have the united states and world growing. the competitive rates really low. i think it's fear and i think that's the biggest asset investors have is the likelihood of a slow but steady reduction in fear over the next several years. >> bill, leading in to jobs friday, dow only had four up days this month. estimates for the number or closer to 150 than the 115 we got in april? does it make sense for a short term up swing here? >> i think it does. we expect to come in more around 170 actually. so we are expecting maybe some relief from it. i think the more you can get some better u.s. numbers, you get this kind of -- we've seen the housing numbers i think help stabilize things. we get some job numbers and i think there tends to be less emphasis on europe and some of the worries there if at least we believe the u.s. can continue to navigate the storm. >> guy, appreciate it. we'll see
otherwise we just haven't seen an environment like this. i think the discount there is more about fear than it is about fundamentals. we have earnings growing. we have the united states and world growing. the competitive rates really low. i think it's fear and i think that's the biggest asset investors have is the likelihood of a slow but steady reduction in fear over the next several years. >> bill, leading in to jobs friday, dow only had four up days this month. estimates for the number...
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Mar 16, 2012
03/12
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when environments are 3%. over 10, 20 years you lose purchasing power with that approach. >> quickly, russ, what's the biggest risk on the radar screen -- oil? >> you know, i think in the near term it's oil. longer term to me, the big risk is not 2012 but early 2013. the economy is recovering. it's a fragile recovery. next year we have fiscal drag. taxes are going up. spending is being cut. if the policies are implemented on schedule, i worry about the effect that will have on the u.s. economy. >> all right. thanks for joining us, russ. >> thank you. >>> coming up, google changing a search engine to make it smarter, faster and more like asking a person for help finding something. we'll be right back. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fide
when environments are 3%. over 10, 20 years you lose purchasing power with that approach. >> quickly, russ, what's the biggest risk on the radar screen -- oil? >> you know, i think in the near term it's oil. longer term to me, the big risk is not 2012 but early 2013. the economy is recovering. it's a fragile recovery. next year we have fiscal drag. taxes are going up. spending is being cut. if the policies are implemented on schedule, i worry about the effect that will have on the...
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Oct 23, 2012
10/12
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despite a tough environment, the consumer will still spend. we think that coach also benefits that their business in china is still relatively young. they're not seeing some of the same issues the more mature companies are seeing in china. >> liz, i'm looking in china. sales up 40%, double digit comps. after nike, after yum, does this fly in the face of conventional wisdom about the chinese consumer? >> i think the handbag market has been a bit stronger than some of the other categories you mentioned in china. we certainly heard it from other handbag companies, mulberry today. i think it is a younger business there, but also coach stands next to european luxury brands quite well because it's an accessible luxury price point. i think they offer something different in the marketplace, up 40%. that's above their annual guidance, so they've guided to 30%, 35% growth. so they're doing better than their own guidance in china, at least in this quarter. >> we're looking at a board of kors versus coach, versus tiffany. it's the only one in green. burbe
despite a tough environment, the consumer will still spend. we think that coach also benefits that their business in china is still relatively young. they're not seeing some of the same issues the more mature companies are seeing in china. >> liz, i'm looking in china. sales up 40%, double digit comps. after nike, after yum, does this fly in the face of conventional wisdom about the chinese consumer? >> i think the handbag market has been a bit stronger than some of the other...
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Sep 25, 2012
09/12
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is this the environment in which you want to be weighting into some of these cyclicals? >> you want to invest for 2015, you've got lots of bargains. but there's such heightened uncertainty for the economy midterm to 2013 that we're sort of neutral on most of these stocks. caterpillar, we're neutral. and we think there's some better opportunities, or have been, in companies like eaton and even deere because we think the farm sector improves. cat will have its day. we just have to get through this period of uncertainty and the worries that things could get tougher for next year. >> one of the deans of the industry, eli, thanks much. >> have a good day. >> eli lustgarten from longbow. let's get to brian shactman. breaking news. >> a recap for people. monday night football, the last play of the game, seattle seahawks, controversial play, were winners when it was called a touchdown. vegas and betters, packers went from winners to losers as well and a whole lot of money involved in this play. according to pregame.com, there was $150 million more bet on the packers, which means
is this the environment in which you want to be weighting into some of these cyclicals? >> you want to invest for 2015, you've got lots of bargains. but there's such heightened uncertainty for the economy midterm to 2013 that we're sort of neutral on most of these stocks. caterpillar, we're neutral. and we think there's some better opportunities, or have been, in companies like eaton and even deere because we think the farm sector improves. cat will have its day. we just have to get...
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Mar 15, 2012
03/12
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they're already in a very depressed environment, returning roughly mid teens on tangible common equity, this is pretty healthy, pretty heroic, quite frankly, and it's my opinion, i think, as we go forward and the recovery continues to game some momentum, it's not unreasonable to think these guys can't earn high teens, potentially getting back to where they were 5, 10 years ago. >> really? without taking on the kind of leverage they did back then? >> the big differential we're seeing right now is a number of these companies have made significant moves in terms of adding a tremendous amount of scale within the business model. we've had a tremendous amount of dislocation within the sector itself, and the banks right now, they're enjoying tremendous margins across several of these businesses, which is certainly something i think you'll continue to see over at least the near to intermediate term, and, you know, it's really the biggest guys, most scale, and really the most levered to an improving economy that i think can get back, at least very close to where they were several years ago. >>
they're already in a very depressed environment, returning roughly mid teens on tangible common equity, this is pretty healthy, pretty heroic, quite frankly, and it's my opinion, i think, as we go forward and the recovery continues to game some momentum, it's not unreasonable to think these guys can't earn high teens, potentially getting back to where they were 5, 10 years ago. >> really? without taking on the kind of leverage they did back then? >> the big differential we're seeing...
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Apr 9, 2012
04/12
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it's simple and good forth environment. it's chip. 66 cents a gallon when you pump it from your own house. >> if you can get the labor free, that's a big if. not everybody has a rick santelli on stand by. >> go ahead and submit e-mails. i'll help them. >> don't do it at your own home. >> thank you, rick. >> stops made at your home soon. >>> ahead, we're going to breakdown the banks ahead of friday's big earnings numbers. stick around. we're back in two. [ male announcer ] aggressive styling. a more fuel-efficient turbocharged engine. and a completely redesigned interior. ♪ the 2012 c-class with over 2,000 refinements. it's amazing...inside and out. ♪ the c-class starts at just $34,800. aye, or...a mornin' of tiny voices crying out, "feed us -- we've awakened from our long winter's nap and we're peckish to the point of starvin'"!! i don't understand... your grass, man! it's a living, breathing thing. it's hungry, and you've got to feed it with scotts turf builder. that a boy, mikey! two feedings now...in the springtime s
it's simple and good forth environment. it's chip. 66 cents a gallon when you pump it from your own house. >> if you can get the labor free, that's a big if. not everybody has a rick santelli on stand by. >> go ahead and submit e-mails. i'll help them. >> don't do it at your own home. >> thank you, rick. >> stops made at your home soon. >>> ahead, we're going to breakdown the banks ahead of friday's big earnings numbers. stick around. we're back in two. [...
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Jun 1, 2012
06/12
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and when will they give in that yield environment. >> they should be looking at these issues that i'm talking about. with just fixed income alternatives with no realty increase in earnings power. home depot versus mcdonalds. we talked about that. gasoline coming down. it makes it more attractive for you to go to home depot. mcdonalds, you tend to trade down if you're really hurting. but they have big international exposure. i don't want to sell mcdonds down here. you mentioned att. here it is. this is as big of a class as it is. >> walmart's 52-week high. jeez, you know, this is going to be someone who says that's my chance. >> a fresh all-time low here, $9.57. today is the day as the lock-up expiration occurs. and it effectively doubles the number of shares outstanding today. so just an up note, it is down by almost 90% at this hour. we see them. we do see oftentimes even reversals. but the initial move is not always 1, 2, draw conclusions from. >> ashds i'm just using this as a microm. you have some good news out there. you have a case to be made for apple. you also know that they j
and when will they give in that yield environment. >> they should be looking at these issues that i'm talking about. with just fixed income alternatives with no realty increase in earnings power. home depot versus mcdonalds. we talked about that. gasoline coming down. it makes it more attractive for you to go to home depot. mcdonalds, you tend to trade down if you're really hurting. but they have big international exposure. i don't want to sell mcdonds down here. you mentioned att. here...
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Jun 18, 2012
06/12
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there is an environment in which investors don't want to take risk, but want yield. what and how do you advise them to go about constructing a portfolio that might accomplish that. >> the mantra lately has been safety in income, and the trouble is i think investors have to think about at what price? and they're getting such low yields now on traditional fixed income that i think that they should not run trickily to safety and yield, but look for something creative. it might be equities or bonds which might be some credit at risks. >> so you think perhaps equities in this environment? >> the think i like about equities is nobody likes them. you now. the most important thing is how much op mitch and affect is built into the price. right now, with regards to stocks, there's precious little. >> absolutely. >> in terms of your portfolio, you are comprised of a lot of distressed dead, private equity is a component as well. but equities don't make a big play in terms of what oak tree does. that's right, they don't. my comments are really just academ academic, not touting ou
there is an environment in which investors don't want to take risk, but want yield. what and how do you advise them to go about constructing a portfolio that might accomplish that. >> the mantra lately has been safety in income, and the trouble is i think investors have to think about at what price? and they're getting such low yields now on traditional fixed income that i think that they should not run trickily to safety and yield, but look for something creative. it might be equities or...
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Mar 6, 2012
03/12
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it's the wrong kind of tale in this environment. >> what is the tale? we're seeing pressure across metals. it's gold and flat and palladium. >> there are others that must follow. >> we have four minutes until the opening bell. much more "squawk on the street" straight ahead. e playing field. take the privileged investing tools of wall street and make them simple, intuitive, and available to all. distill all that data. make information instinctual, visual. introducing trade architect, td ameritrade's empowering web-based trading platform. take control of your portfolio today. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. in what passes for common sense. used to be we socked money away and expected it to grow. then the world changed... and the common sense of retirement planning became anything but common. fortunately, td ameritrade's investment consultants can help you build a plan that fits your life. take control by opening a new account or rolling over an old 401(k) today, and we'll throw in up to $600. how
it's the wrong kind of tale in this environment. >> what is the tale? we're seeing pressure across metals. it's gold and flat and palladium. >> there are others that must follow. >> we have four minutes until the opening bell. much more "squawk on the street" straight ahead. e playing field. take the privileged investing tools of wall street and make them simple, intuitive, and available to all. distill all that data. make information instinctual, visual. introducing...
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Mar 27, 2012
03/12
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the better economic news makes it difficult for yields to fall in this environment. there are a lot of big negatives still and some that will materialize more in the second half of the year. here's a list of those real quickly. one that's been, of course, wealth destruction, massive wealth destruction the past few years. the household net worth, there's been $8 trillion lost in a society. that means consumption trends won't be vigorous for quite some time. secondly, credit availability, while improved for the mortgage area, that does all kinds of bad things for the economy including a lack of mobility. an individual in nevada can't move to north dakota to obtain a job. third, income growth, very slow. 2% wage gain year over year. normally it's 3%. the massive financial cliff bernanke has talked about, markets could falter forward in the second half. consumers could, too. $525 billion in tax cuts and spending increases that will hit the tape so to speak january 1st. imagine in july, august, september, how an individual might respond to that or how markets might pull i
the better economic news makes it difficult for yields to fall in this environment. there are a lot of big negatives still and some that will materialize more in the second half of the year. here's a list of those real quickly. one that's been, of course, wealth destruction, massive wealth destruction the past few years. the household net worth, there's been $8 trillion lost in a society. that means consumption trends won't be vigorous for quite some time. secondly, credit availability, while...
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Dec 10, 2012
12/12
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challenging environment for priceline even though it says the shares are still attractively values. road map is going to go like this. fiscal cliff face-off coming to an end. the president and the speaker holding a meeting at the white house this weekend. we are live in washington with the latest. what it all could mean for the che. whether or not we go over the cliff could have a major impact on the markets in 2013. barclays coming out with its outlook. we'll talk to their first strategist. weeks away from christmas but today is the busiest day actually i think in corporate history for fedex. millions of deliveries being processed. we'll take you live to a fedex center as millions of dollars, nothing to laugh about. we'll introduce you to the entrepreneur who has managed to make big money making people laugh with his company cheeseburger. that's coming up later this hour. we'll start in washington. president obama, speaker boehner met face-to-face over the weekend to talk some fiscal cliff. our john harwood is live at the white house with more on that. john, good morning. >> good m
challenging environment for priceline even though it says the shares are still attractively values. road map is going to go like this. fiscal cliff face-off coming to an end. the president and the speaker holding a meeting at the white house this weekend. we are live in washington with the latest. what it all could mean for the che. whether or not we go over the cliff could have a major impact on the markets in 2013. barclays coming out with its outlook. we'll talk to their first strategist....
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Mar 23, 2012
03/12
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each one of those different states has a different legal environment in which the foreclosure process takes various amounts of time. we're really going to go out and test in each of those different states whether or not the customer is more interested in remaining in their home through a tenant situation versus waiting out the process of foreclosure. >> ron, you say about a thousand will be invited to participate in the first phase of the pilot but you guys must have an idea of how many home owners out there might be eligible or might be interested. how large could that number be? >> well, i know how many could be eligible. i won't predict the number. but there is a number of people who would be eligible. what i really don't know is how many will be interested. and that really is the purpose of the pilot program. again, the reason we have identified these thousands because they are 90 days behind on their current mortgage. they are in the foreclosure process already. so they generally know the direction they are heading and we're trying to contact them and say would you like to avoid
each one of those different states has a different legal environment in which the foreclosure process takes various amounts of time. we're really going to go out and test in each of those different states whether or not the customer is more interested in remaining in their home through a tenant situation versus waiting out the process of foreclosure. >> ron, you say about a thousand will be invited to participate in the first phase of the pilot but you guys must have an idea of how many...
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May 30, 2012
05/12
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so i think there are more liquid places in this environment. you want best in breed on liquidity. >> monsanto got people's attention today. >> dupont has a competitive seed and they are doing well. >> stephanie, great stuff. thank you so much. don't forget to keep the tweets coming. research in motion hiring big financial firms for advice on the company's strategy going forward, but we are trying to save rim money today. so what advice would you give to rim? tweet us @cnbcsquawkst. we'll get your answers right after this break. >>> you like golf, don't you? well, how would you like to win a golf ball signed by the entire "squawk on the street" gang. all you have to do is nail the number. if you can guess this friday's non-farm jobs number, it's all yours. tweet us@cnbcsquawkst. and you have to be 18 years of age, too. sorry, kids. for all the official rules and details, go to cnbc.com. you have until 8:28 this friday morning. good luck. ♪ [ engine turns over ] [ male announcer ] we began with the rx. [ tires squeal ] then we turned the page,
so i think there are more liquid places in this environment. you want best in breed on liquidity. >> monsanto got people's attention today. >> dupont has a competitive seed and they are doing well. >> stephanie, great stuff. thank you so much. don't forget to keep the tweets coming. research in motion hiring big financial firms for advice on the company's strategy going forward, but we are trying to save rim money today. so what advice would you give to rim? tweet us...
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Oct 29, 2012
10/12
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it's a different environment for this storm to hit and the needs will be different. people will find it very difficult to get around. it's not going to last just in and out in a day. this may last for several days. >> i actually live on west side highway outside of zone a so the type of thing that you're talking about is important for my community in manhattan and given that we now have stronger winds, given that you're now talking about potentially a 15-foot surge in water, that would seem to suggest that michael bloomberg just evacuating zone a for manhattan is insufficient. if the situation had changed, can the mayor evacuate greater proportion of the city or is he now locked into what he originally said. hundreds of thousands of people find they should have been evacuated but have not been in manhattan. >> any time anyone issues a mandatory or even a recommended evacuation, you should pay heed to it and do it. i'll give you an kpaexample. a friend worked for one of your competitors and said the front side of her building is evacuation a. the back side is not. wha
it's a different environment for this storm to hit and the needs will be different. people will find it very difficult to get around. it's not going to last just in and out in a day. this may last for several days. >> i actually live on west side highway outside of zone a so the type of thing that you're talking about is important for my community in manhattan and given that we now have stronger winds, given that you're now talking about potentially a 15-foot surge in water, that would...
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Apr 13, 2012
04/12
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we're still in a very challenging environment. as i mentioned before not only was consumer banking and mortgage particularly a concern with these companies, what also stands out is the pressure you're seeing 0 on both spread income, margin from each of these companies. certainly the pressure from the persistent low rate environment is certainly having a more effect today and continuing into the future. but, again, as you just referred to on the litigation. it's a big concern with these companies guiding to lower costs in 2012 yet we see this significant chart coming out of jpmorgan out of the recent ag settlement. you have to wonder what would actually cause these things to moderate over the course the year. it just seems to be very persistent and relative to what we've seen in the last few quarters out of this company. >> todd, string together what we've heard out of jpmorgan the concerns you have. the concerns over wells forgo. does this make you less bullish for story lines for bank of america and citi, companies that are more
we're still in a very challenging environment. as i mentioned before not only was consumer banking and mortgage particularly a concern with these companies, what also stands out is the pressure you're seeing 0 on both spread income, margin from each of these companies. certainly the pressure from the persistent low rate environment is certainly having a more effect today and continuing into the future. but, again, as you just referred to on the litigation. it's a big concern with these...
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Jun 27, 2012
06/12
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perform just as well in that environment as we have in the past. when things turn around, we're going to be in the best position of anybody to continue to grow. >> is mcdonald's going to be blamed for making people fat? >> probably. i think most people that are trying to legislate behavior have to have someone to pick on. since we're the biggest and the best, that's where they have to go. and the comps be slowing a little bit because of the head winds we've had and some of the economic issues we've had to deal with. but nothing that is not going to be able to be cured by, again, having the appropriate messaging and marketing plans and communication around every day affordability. just as we had to do in '07, '08, '09, the last few quarters, second half will be a little easier than the first half. >> jim skinner, we wish him well at cnbc. what is ahead now for that business as mr. skinner steps down. of course don thompson now takes over. managing director and senior analyst joining us on the program. mr. skinner outlined there the difficulties they
perform just as well in that environment as we have in the past. when things turn around, we're going to be in the best position of anybody to continue to grow. >> is mcdonald's going to be blamed for making people fat? >> probably. i think most people that are trying to legislate behavior have to have someone to pick on. since we're the biggest and the best, that's where they have to go. and the comps be slowing a little bit because of the head winds we've had and some of the...
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Aug 23, 2012
08/12
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the committee has acted but that was in an interest rate environment where you could make a 25 basis point move. >> thank you so much. appreciate it. that does it for us right now. time for "squawk on the street." >>> good morning. welcome to "squawk on the street," i'm melissa lee with carl kint knquintanilla and jim. slight uptick in the claims numbers. it's a flash pmi coming out of china holding us lower in the morning. the dow, s&p and nasdaq looking to open lower. key meeting in europe between merkel and olon. >>> the fed president says the probability of qe, not as high as the markets expected this summer. he adds if growth stays at 2%, the fed stays on hold. what does that mean for your investments? >> meantime, china may be quicker to ease after manufacturie ining data came in negative for the tenth straight month. in the meantime, tacking on another 20 buck here. >> hewlett-packard lowers the high end of its earnings forecast, says it's too smart to try to beat apple at a consumer tablet. what's next for hp as apple hits yet another all-time high? >>> still, the buzz surrou
the committee has acted but that was in an interest rate environment where you could make a 25 basis point move. >> thank you so much. appreciate it. that does it for us right now. time for "squawk on the street." >>> good morning. welcome to "squawk on the street," i'm melissa lee with carl kint knquintanilla and jim. slight uptick in the claims numbers. it's a flash pmi coming out of china holding us lower in the morning. the dow, s&p and nasdaq looking...
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Jul 18, 2012
07/12
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the world's largest chip maker citing a challenging environment. the forecast reflecting weaker sales and growing popularity of tablets and other devices that don't use intel chips and reporting second quarter revenues slightly below wall street investment. and tech earnings front, wall street bracing for after the bell results of ibm. jim, i'm wondering how much of a read-through you see considering the ibm's revenues are in services? >> it's not intel and not be any of the hardware companies. i take contrary approach. i thought that stacy -- the cfo and presented a much better than expected intel quarter. supposed to be a very big product transition to play havoc. obviously talking about the macro, different not to when coca-cola talks about the macro. talking about a better fourth quarter. they have the new chips. they're supported by yield. they did return a lot of capital. they did make $5 billion in cash. ibm on the other hand, new ceo. worried they can't measure up with sap, a better comp and blew away the numbers and ibm i'm more tender hoo
the world's largest chip maker citing a challenging environment. the forecast reflecting weaker sales and growing popularity of tablets and other devices that don't use intel chips and reporting second quarter revenues slightly below wall street investment. and tech earnings front, wall street bracing for after the bell results of ibm. jim, i'm wondering how much of a read-through you see considering the ibm's revenues are in services? >> it's not intel and not be any of the hardware...
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Mar 22, 2012
03/12
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and so, we look at this as a ut despite the point of a sluggish economic environment. it has great upside to earnings and things coming in as !u expected. >> the margins were very xd impressive. at the same time, art, can you give us in context in terms of c express shipping? ground volume's very strong and been a driver for the company but express volume down dju(s&. 4% decline in u.s.t(xd shipping. 1% decline in international say they want to find improvements here. how important is this part of the business? >> well, the domestic express businessfá is very mature busins and we are seeing due to efficiencies and much greater reliability ox@"round networks, people areu saying tht in three days and a lot of cases next day evenxd by ground and given the price differential, shippers areo#w÷ó[ realizing t great value in thnqei ground services. as a result, we areÑi seeing so chip away from express here. there's alsoxd something changi with managing the supply chain and what's happening is it's allowing the company to 1fdt) á network which iñr think is a ve sig
and so, we look at this as a ut despite the point of a sluggish economic environment. it has great upside to earnings and things coming in as !u expected. >> the margins were very xd impressive. at the same time, art, can you give us in context in terms of c express shipping? ground volume's very strong and been a driver for the company but express volume down dju(s&. 4% decline in u.s.t(xd shipping. 1% decline in international say they want to find improvements here. how...
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Nov 27, 2012
11/12
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what should their strategy be in this environment? we know the best buy story very well on this network. >> i think obviously the best buy stores are one of the categories hit hard through the omni channel shopping experience. they are selling commodity product. some of it is fashion like in the way it responds. you know, tv is a tv and people in the minds of the consumer can go to any number of outlooks to get those products. i think as these categories get that way, they need to figure out how to bring them into the stores. they need to think about omni channel. combining the best of brick and mortar stores with online experience, mobile experience and even the catalogs in some cases and consumers will respond well to that. companies that can present their brand across a variety of different platforms. >> i keep seeing the ibm research paper reference that says the percentage of cyber-monday deals originated on twitter were zero. 0%. i don't know how true it is. i wonder if you think we're overestimating the power of some of the new
what should their strategy be in this environment? we know the best buy story very well on this network. >> i think obviously the best buy stores are one of the categories hit hard through the omni channel shopping experience. they are selling commodity product. some of it is fashion like in the way it responds. you know, tv is a tv and people in the minds of the consumer can go to any number of outlooks to get those products. i think as these categories get that way, they need to figure...
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May 15, 2012
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. >> is it trying to get you a sense to the overall environment? >> i actually feel like there was a lot of good news. i always look attic et price. it's funny. this morning, there's a great lead story in the usa today. it literally captures two and three better economies ahead. housing prices seem to have bottomed. this has historically been what you want from home depot. obviously, we need to know may -- we'll certainly have a look at that in the june 6th meeting. >> you mentioned mcdonalds out with the downgrade. are bullish ten-year investment thesis has played out. we now expect for 12 months. is it true that last year's winners are going to be flat at best? >> this had been such a great stock. and jim skinner had been on "mad money" several times. just a fabulous ceo retiring. but i would warn people before they decide to listen to skinner, each iteration of ceo that this company has come up with has been okay. do i want to throw away mcdonds? i do prefer chipotle. >> great. at the same time, if we are in for a period of volatility, we want t
. >> is it trying to get you a sense to the overall environment? >> i actually feel like there was a lot of good news. i always look attic et price. it's funny. this morning, there's a great lead story in the usa today. it literally captures two and three better economies ahead. housing prices seem to have bottomed. this has historically been what you want from home depot. obviously, we need to know may -- we'll certainly have a look at that in the june 6th meeting. >> you...
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Nov 28, 2012
11/12
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we have a place like california and los angeles in an urban environment where spark makes a huge amount of sense. it's a great package. we'll do something here. >> one last question. we were talking about we went on. you have been in this industry for a long time. you can't remember the last time there was this much optimism in the auto industry. is it sustainable? >> obviously everything goes in cycles. we talked a little bit about that. the economy obviously here is something that's variable right now. i think the industry and i think most oems and particularly the supply base that's changed their break even points through this cycle to a place where we haven't been before. the agility of the industry and companies that are in it both supply and oem, that agility enables a huge amount of product investments and if you look at the stands at this show, the competitive products here are -- i have never seen it in the industry. it's very exciting. we can do it and make money. the industry is in a healthy point right now. >> mark joining us when you look around the show here, there's more
we have a place like california and los angeles in an urban environment where spark makes a huge amount of sense. it's a great package. we'll do something here. >> one last question. we were talking about we went on. you have been in this industry for a long time. you can't remember the last time there was this much optimism in the auto industry. is it sustainable? >> obviously everything goes in cycles. we talked a little bit about that. the economy obviously here is something...
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Dec 3, 2012
12/12
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to the video environment. over the top scared everybody for a long time. there's a lot of questions. what was netflix going to do to its business model? how was content going to be monetized. with the tv everywhere infrastructure coming together, companies are more comfortable about how the world looks going forward. that's one of the big things holding back m&a. ceos were worried about buying a company and then having the world shift under their feet. a lot of those outlines are in place for doing more deals. >> right. in this world regardless of whether it's just a broad band connection or not, you say they will figure out a way to get paid. >> exactly. if you look at over the top distribution, that's been another way for content providers to sell content. if anything, it's been a new customer for them. >> sam, we're going to leave it there. looking forward to seeing you later face to face. i'll interview tom rutledge who runs charter. u.s. media conference being held the first three days of this week, i bel
to the video environment. over the top scared everybody for a long time. there's a lot of questions. what was netflix going to do to its business model? how was content going to be monetized. with the tv everywhere infrastructure coming together, companies are more comfortable about how the world looks going forward. that's one of the big things holding back m&a. ceos were worried about buying a company and then having the world shift under their feet. a lot of those outlines are in place...
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Feb 3, 2012
02/12
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is it a tighter regulatory environment? that's probably fair. there are a lot of deals people have talked about that are in question that are actually going to go through. >> six months, nine months, see how the predictions went. >> thanks very much, david, for having me. >> back to you guys. >> thanks, david. >>> a quick check on markets on the way out, on the way to break here. looking at interesting levels on the dow at 12,860 already taking out the closing high from last year which is 12,810. this would be the highest close now since may of 2008. and of course on the s&p if you had bought at 666, at the lows in may or march of '09 you would have doubled your money. >> wow. >> officially as of today. when we come back ten ways to change the world according to google. we've got your super bowl sunday coverage from ticket sales to special commercial sneak peeks. stick around. back in two minutes. >> i'm very concerned about any attempt to raise taxes on private equity returns. it hurts minority private equity funds. it'll devastate them because
is it a tighter regulatory environment? that's probably fair. there are a lot of deals people have talked about that are in question that are actually going to go through. >> six months, nine months, see how the predictions went. >> thanks very much, david, for having me. >> back to you guys. >> thanks, david. >>> a quick check on markets on the way out, on the way to break here. looking at interesting levels on the dow at 12,860 already taking out the closing...
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May 8, 2012
05/12
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i think it's a prioty good environment here. these combos, we liken them to viacom. these guys are developing their own content. these guys are seeing overall 0 10% ad revenue growth. so this is a place where people have exciting exposure to a company that's younger and vie brent and really combilighted to get. so ctcm is an interesting play here. >> tim, see you later. >> thank you. >> google, zynga and now linked in. the retailer vester have no rights. but you hang on for the ride. we'll talk about the facebook ipo avenue the break. looking for a better place to put your cash? here's one you may not have thought of: fidelity. now you don't have to go to a bank to get the things you want from a bank. like no-fee atms -- all over the world. free checkwriting and mobile deposits. now, depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidelity. what happens when
i think it's a prioty good environment here. these combos, we liken them to viacom. these guys are developing their own content. these guys are seeing overall 0 10% ad revenue growth. so this is a place where people have exciting exposure to a company that's younger and vie brent and really combilighted to get. so ctcm is an interesting play here. >> tim, see you later. >> thank you. >> google, zynga and now linked in. the retailer vester have no rights. but you hang on for...
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Jul 23, 2012
07/12
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not every company is going to do well in a challenging environment. extend all that time and do more research -- >> the final thing is you're given some lists of sectors of the economy that are doing well. autos, considered a relative bright spot. you wake up today, gm and ford awfully close to their 52-week lows. >> you're right. there's a disconnect between the way mr. market is treating the share prices of those companies and the underlying improvement in the industry. just to the north of the 14 million units, encouragingly off a bottom of 9 million. it could make those stocks enticing. another area we like that's showing fundamental implement improvement is housing. and goldman sachs upgrading the industry, we've been bullish on it for some time, north of about six months at this jing chur and expect it to remain somewhat choppy. but it's a space that looks increasingly attractive. for the first time in six or seven years is going to be a positive contributor to gdp in our country, which is a positive surprise that's lost among all the pessimism
not every company is going to do well in a challenging environment. extend all that time and do more research -- >> the final thing is you're given some lists of sectors of the economy that are doing well. autos, considered a relative bright spot. you wake up today, gm and ford awfully close to their 52-week lows. >> you're right. there's a disconnect between the way mr. market is treating the share prices of those companies and the underlying improvement in the industry. just to...
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Oct 24, 2012
10/12
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to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. domestic, abundant, clean energy to power our lives... hahahaha! hooohooo, hahaha! this is awesome! folks who save hundreds of dollars switching to geico sure are happy. i'd say happier than a slinky on an escalator. get happy. get geico. melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. in america today we're running out of a vital resource we need to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 milli
to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. domestic, abundant, clean energy to power our lives... hahahaha!...
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Jun 6, 2012
06/12
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so the environment of low growth, low yields and rising bond prices has been very beneficial. it is drawing in a lot of money. and it has been very popular. >> overall you say keep the market, weight, go with high yield. walk us through more of your strategy. >> yeah, sure. credit has done very well. like i said, spreads have widened up a bit over the last couple of weeks, but by and large total returns look good. investment trade and high yield have generated pretty much about a 4% total return for the year. i think if you look forward, all the factors that everyone has just mentioned regarding europe, regarding the economy, regarding the uncertain outlook, suggests you want to be a little moderate in terms of how you position your portfolio. what you have seen today is a huge recovering rally. from that perspective we stick with the investment part of the story where, a modest yield enhancement related to treasuries is doing pretty well. you get a nice protection of any meaningful volatility shots and you are pretty well protected heading into these upcoming kind of policy a
so the environment of low growth, low yields and rising bond prices has been very beneficial. it is drawing in a lot of money. and it has been very popular. >> overall you say keep the market, weight, go with high yield. walk us through more of your strategy. >> yeah, sure. credit has done very well. like i said, spreads have widened up a bit over the last couple of weeks, but by and large total returns look good. investment trade and high yield have generated pretty much about a 4%...
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May 23, 2012
05/12
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and that's in spite of a very difficult environment in europe. i think, really, what the story is, because of our global strength, the strength of the credit company, that the ford motor company in total is doing exceptionally well. >> you're down 30% in the last year. i know all chairmans and ceos say you can't control what the stock does. but are you frustrated when you see that you are meeting your targets and done what you said you would do and, yet, investors are looking at this and saying we're staying clear? >> well, yeah. i suppose at some level, it is frustrating. but, you know, those things tend to even out over time. if we continue to hit our numbers with very strong cash and most importantly with the products and technology that have been hitting in the marketplace, we'll be just fine. it's very hard to predict when investors are going to like our company or dislike it. but one thing i've learned being here 33 years is if you get the basics right, eventually, people will notice. >> bill, last night on the conference call, there were a
and that's in spite of a very difficult environment in europe. i think, really, what the story is, because of our global strength, the strength of the credit company, that the ford motor company in total is doing exceptionally well. >> you're down 30% in the last year. i know all chairmans and ceos say you can't control what the stock does. but are you frustrated when you see that you are meeting your targets and done what you said you would do and, yet, investors are looking at this and...
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Oct 22, 2012
10/12
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are you right the caterpillar stock is highly dependent on the global macro environment. it's a call on the macro environment getting better once we get past the elections in the u.s., once china gets through its transition from the government, and brazil we know is stimulating its economy. so, all of those things put together does suggest that the global economic environment will get better in 2013 relative to 2012. >> we should note, of course, the management team has doubled down on exposure to china and to materials. it's absolutely a play on world growth. what we see at the moment, though, isn't a world that is accelerating in its growth. it is slowing down. it is decelerating. why, then, if caterpillar is a play on that decelerating world growth, will its stock rise 30% over the next year? >> well, in our view, decelerating growth is still positive growth. as long as the global economy grows positively, even if it's a slower growth rate. and demand for things like hard commodities will continue to rise. yes, we're facing headwind right now with u.s. coal, with iron
are you right the caterpillar stock is highly dependent on the global macro environment. it's a call on the macro environment getting better once we get past the elections in the u.s., once china gets through its transition from the government, and brazil we know is stimulating its economy. so, all of those things put together does suggest that the global economic environment will get better in 2013 relative to 2012. >> we should note, of course, the management team has doubled down on...
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Aug 2, 2012
08/12
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we need to do a better job on our testing environment. i think the entire industry needs to do a better job. how about the comment they are searching for more capital to keep operating. he didn't provide any specifics but did say they were open for business. certainly need a little more details on that. finally, about what knight capital does because some may not be aware, their key business is market making operation. they're one of the biggest whole sailers out there, putting buyers and sellers together, big order flow from retail guys like ameritrade and scott trade. they have an institutional sales and trading operation and electronics trading operation. they were founded in 1995. what's the ripple effect of this whole thing? another black mark on electronic trading. i'm sorry. 45 minutes to let an errant program run? there's going to be a lot of criticism of that. finally, we need to make sure these electronic trading isn't a kind of systemic risk. fortunately, they seem to have contained it yesterday. good news for the nyse, bad new
we need to do a better job on our testing environment. i think the entire industry needs to do a better job. how about the comment they are searching for more capital to keep operating. he didn't provide any specifics but did say they were open for business. certainly need a little more details on that. finally, about what knight capital does because some may not be aware, their key business is market making operation. they're one of the biggest whole sailers out there, putting buyers and...
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Jun 22, 2012
06/12
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you know who is hurt the most in that environment. if the united states seizes, the other markets will seize. it will be brutal. >> you know, i would push back a little bit on that. i think if the u.s. has the fiscal cliff, no doubt it would affect the rest of the world, but the notion that emerging markets are the high beta play, i think that's starting to change. the source of the volatility right now is not the emerging markets. it's europe and the u.s. at some point greater macro stability in the emerging world means less volume tilts for those assets. >> i don't know, russ, i've been watching that thing for a long time. the correlations are always there despite everyone saying what you just did, that at the end of the day it's a great way to mitigate rick. >> if you get a day like yesterday, but correlations tend to go to 1, there are few places to high, but going back to the notion are you a trader or investor? these correlations might be high. if i look out 5 to 10 years, you are -- it's not that they decouple, but they will be
you know who is hurt the most in that environment. if the united states seizes, the other markets will seize. it will be brutal. >> you know, i would push back a little bit on that. i think if the u.s. has the fiscal cliff, no doubt it would affect the rest of the world, but the notion that emerging markets are the high beta play, i think that's starting to change. the source of the volatility right now is not the emerging markets. it's europe and the u.s. at some point greater macro...
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Sep 19, 2012
09/12
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gold, i think, can go to 2,000 in this environment. i think its currency meaning everyone wants the currency to come down. japan is a democratic issue. >> it's too many old people and not enough young people working. it may depend on the data, but things could get much worse very quickly given the dispute going between china and japan and some are saying that the impact on japan could be worse than what was seen from the earthquake and there was even talk from a china researcher tied to the ministry of commerce that perhaps china should actually jump jgbs, japan government bonds n order to enact some sort of sanction. >> it's a frightening prospect. of course, it's something we've often heard when we talk about relations between u.s. and china given how much debt china also holds and if you do that, you hurt yourself if you're chinese because the value goes down. japan has no shortage of issues on the largest context. my friend has been on many times and hopefully will be on again in a few weeks. we'll have him talking about japan and
gold, i think, can go to 2,000 in this environment. i think its currency meaning everyone wants the currency to come down. japan is a democratic issue. >> it's too many old people and not enough young people working. it may depend on the data, but things could get much worse very quickly given the dispute going between china and japan and some are saying that the impact on japan could be worse than what was seen from the earthquake and there was even talk from a china researcher tied to...
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Jun 26, 2012
06/12
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what he's done is remarkable in this environment. wells fargo -- if you try to get a loan in the city, it's either wells or some bank you never heard of. that's the same thing in philadelphia. wells is lending and lending and lending. they're solving the problem with bad loans. i think shaun donovan, say let's give the whole problem to wells. wells is remarkable. we don't talk about it enough. >> listen, the fact is as we continue to talk about europe and today again with italian yields going up and not particularly good options for spain, these are the banks that will most reflect risk on, risk off. >> eventually you are going to come around on the big banks. >> jpmorgan -- the most important thing is jpmorgan has underperformed radically, down 15%. that is wrong. jamie dimon is just not that bad. i thought jamie dimon -- >> if i asked you this -- >> fire away. >> put it away for three years and not talk about it again, would you say buy it or not? >> i would buy it, but i'd by u.s. bank corp first. >> that's a three-year holding. >
what he's done is remarkable in this environment. wells fargo -- if you try to get a loan in the city, it's either wells or some bank you never heard of. that's the same thing in philadelphia. wells is lending and lending and lending. they're solving the problem with bad loans. i think shaun donovan, say let's give the whole problem to wells. wells is remarkable. we don't talk about it enough. >> listen, the fact is as we continue to talk about europe and today again with italian yields...
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Jul 12, 2012
07/12
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in the environment in which you described isn't that a real tough call to make? >> look, when you have stocks that correct this much off of -- this stock was at $30 now $7. highly volatile stock. if the earnings they can do 70 to 80 cents in earnings next year and this stock is trading at ten times those earnings, we've seen sthoings space trade at 30, 40 times earnings and if there's upside and they execute better than we think they k-you can have that kind of upside in this stock or we wouldn't have a buy interest. >> mark, good to speak with you. >>> all right. dow component boeing just getting a 14.7 billion dollar order from the country's largest airline, phil lebeau has that story and joins us from chicago. >> this is a massive order and one being announced as we speak at united headquarters in chicago. united ceo along with boeing ceo and other officials from both boeing and uniteed. here's how the order breaks down. 150 737 are being porpd two-thirds of authors the 737 max new plane in development at boeing. other 50 are the current generation of the 737s
in the environment in which you described isn't that a real tough call to make? >> look, when you have stocks that correct this much off of -- this stock was at $30 now $7. highly volatile stock. if the earnings they can do 70 to 80 cents in earnings next year and this stock is trading at ten times those earnings, we've seen sthoings space trade at 30, 40 times earnings and if there's upside and they execute better than we think they k-you can have that kind of upside in this stock or we...
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Apr 2, 2012
04/12
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eastern time so are with we in an environment debating whether there will be a qe 3, are we in an environment where good news is bad news? at the top of the hour, it was above expectations and the market actually moved slightly lower before recovering. >> right. >> i don't necessarily know if i believe that. i think there's a lot of nervousness because of the levels that we're at. i don't think the necessarily good news is bad news to go along with what you're saying. obviously mr. bernanke himself has said that he's watching employment and housing. those numbers get weighed more heavily than any of the other financial numbers that we have coming out. but the sense is that because the volume has been kind of not really, really strong, gotten a little stronger as the quarter progressed, there are many people who believe that we can go higher because it hasn't been an all in. rather than a toe-in, people are in a kneecap in the water. that's a very bullish sign as we continue higher. >> melissa, what do we expect as we progress through the week? >> and if you look at the trading last week at th
eastern time so are with we in an environment debating whether there will be a qe 3, are we in an environment where good news is bad news? at the top of the hour, it was above expectations and the market actually moved slightly lower before recovering. >> right. >> i don't necessarily know if i believe that. i think there's a lot of nervousness because of the levels that we're at. i don't think the necessarily good news is bad news to go along with what you're saying. obviously mr....
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Oct 4, 2012
10/12
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and it's part of, you know, that understanding of the macroeconomic environment. did influence our guidance for 2013. it's very much a factor that, you know, is on my mind. we have a big exposure to europe. some of the markets in europe are our strongest markets. we have very big shares. and so we had to take that into account as we gave guidance for 2013. so we took into account the macroeconomic environment, the market changes that are under way, the challenges we have internally, and the products that we're bringing to market and, said, you know, what do we think is a reasonable achievable goal that will allow us to make the investments that will set this company up for a great 2014 and beyond. >> meg, is hp simply too big still? you mentioned during this interview, 320,000 employees. it's almost amazing to think a company with less than a $30 billion market, of course, you have a huge revenue line as well. you have 2100 different skews of laser printers. is the scale simply large for you to manage and for it to succeed? >> i don't think so. you know, i have no
and it's part of, you know, that understanding of the macroeconomic environment. did influence our guidance for 2013. it's very much a factor that, you know, is on my mind. we have a big exposure to europe. some of the markets in europe are our strongest markets. we have very big shares. and so we had to take that into account as we gave guidance for 2013. so we took into account the macroeconomic environment, the market changes that are under way, the challenges we have internally, and the...
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Oct 16, 2012
10/12
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you got a lot of companies that do quite well in this environment. i think pfizer will have a good quarter. merck will have a good quarter. i don't think intel will have a good quarter. verizon and at&t have gotten hit because of sprint. the makeup of it. ge spoke recently and said things are good. you got a lot of stocks that are in a sweet spot, carl. a lot of stocks. >> we'll see if it hold. we avoided the mid-morning fade yesterday. more on vikram pandit's resignation coming up but first -- >> coming up, are you cautiously maneuvering through this market or have you been hitting the walls? cramer will help direct you with six stocks in 60 seconds. proceed with caution when "squawk on the street" returns. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> welcome back. we search for reasons behind the unexpected departure
you got a lot of companies that do quite well in this environment. i think pfizer will have a good quarter. merck will have a good quarter. i don't think intel will have a good quarter. verizon and at&t have gotten hit because of sprint. the makeup of it. ge spoke recently and said things are good. you got a lot of stocks that are in a sweet spot, carl. a lot of stocks. >> we'll see if it hold. we avoided the mid-morning fade yesterday. more on vikram pandit's resignation coming up...
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Nov 14, 2012
11/12
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headline driven in this environment. yesterday you saw the sharp rally toward the end of the session. was it because of the rumor that spain might have a bailout or was it the rumor that potentially they were bundled 44 million euros together for greece? i don't know. it clearly moved the market, both of those things incidentally didn't happen. longer term, if you look at what is happening, europe versus the united states, you can see the effect of the fiscal cliff in the wake of the obama victory. here you see the yellow line here is the top 50 blue chips in europe. how they have traded over the last month. this is the dow jones industrial average. you'll see that under performance now, 4.5% as a result arguably of that fiscal cliff and arguably where the election left us. >> it's going to get tougher sledding. >>> meantime other capital markets op-ed, gary is looking although a few charts as he did yesterday. >> you know, carl, great piece by riches warning people about bond funds versus bonds. a lot of people ignore t
headline driven in this environment. yesterday you saw the sharp rally toward the end of the session. was it because of the rumor that spain might have a bailout or was it the rumor that potentially they were bundled 44 million euros together for greece? i don't know. it clearly moved the market, both of those things incidentally didn't happen. longer term, if you look at what is happening, europe versus the united states, you can see the effect of the fiscal cliff in the wake of the obama...
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Feb 28, 2012
02/12
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lastly, the bank s continue to look and make acquisitions in this regulatory environment. he touched on the exposure to the euro 5 or how ever you want to put that down to 1.5 billion. also, they talked about mortgages. this is a business that jpmorgan remai remains committed to. carl, back to you. >> mary thompson at jm morgan, we'll be hearing from you soon. >> let's get a better perspective. joining us on the news line is dick bove. dick, what more do you want to know from jamie dimon today? >> well, frankly, i think in the connotation with the cfo they laid out the key things that we want to know. they indicated that they think that the earnings power of the company is roughly 33% above what the current earnings were or what the earnings were in 2011 and they suggested that they would pay out 30% of that earnings power at some point in the future which means that the dividend should get up to something on the order of about 70 from -- at the present time. the company has basically, therefore, laid out where they are going to go and what we will see as investors and ana
lastly, the bank s continue to look and make acquisitions in this regulatory environment. he touched on the exposure to the euro 5 or how ever you want to put that down to 1.5 billion. also, they talked about mortgages. this is a business that jpmorgan remai remains committed to. carl, back to you. >> mary thompson at jm morgan, we'll be hearing from you soon. >> let's get a better perspective. joining us on the news line is dick bove. dick, what more do you want to know from jamie...